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Remittance Services

OIB provides efficient & quick incoming and outgoing transfers employing an up-to-date systems and technologies that are available in business.

Remittance Services

Incoming transfer (Transfers from Abroad to Ethiopia through SWIFT and Money Transfer Agents)

SWIFT

A world wide interbank money transfer system to and from banks all over the world.

Senders can order their bank to transfer money through SWIFT from any corner of the world to their beneficiary

SWIFT CODE of Oromia International Bank is ORIRETAA

List of details to be given for a bank to transfer through SWIFT

Beneficiary's Name:_____________

Beneficiary's A/C No.:_____________

Beneficiary's Address: Tel.1_____________ 2.____________

Beneficiary's Branch:_____________

Beneficiary’s Bank:______________

Correspondent Banks of Oromia International Bank are:

CITI BANK NA, NY, In USD

COMMERZ BANK AG, FRANKFURT, in USD

COMMERZ BANK AG, FRANKFURT, in EUR

International Money Transfer Agents working with OIB are:

Western Union

Xpress Money

Money Gram

Dahabshill

Golden Money Transfer

Al Ansari Exchange

Lari Exchange

Shift Financial

Trans Fast

Money Exchange

Mustaqbal

Instant Cash

Ria

Kemoson Management

U Remit

Kendy Money Transfer

Outgoing Transfers ( Transfers from Ethiopia to Abroad)

SWIFT Transfer

NR Foreign Currency Account – Account type maintained in foreign currency for a non-resident and holder of a valid identification card attesting that she/he is a foreign national of Ethiopian origin or for a business entities owned by non-resident foreign nationals of Ethiopian origin and located outside the Ethiopian territory.